World Investment Advisors LLC Acquires Shares of 29,112 Perdoceo Education Co. (NASDAQ:PRDO)

World Investment Advisors LLC bought a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,112 shares of the company’s stock, valued at approximately $647,000.

Several other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in Perdoceo Education in the 2nd quarter valued at $3,634,000. Fifth Third Bancorp lifted its stake in shares of Perdoceo Education by 650.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after purchasing an additional 1,633 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Perdoceo Education by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company’s stock worth $707,000 after purchasing an additional 500 shares during the last quarter. Innealta Capital LLC purchased a new stake in Perdoceo Education in the 2nd quarter valued at about $74,000. Finally, Picton Mahoney Asset Management acquired a new position in Perdoceo Education in the second quarter valued at about $155,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

PRDO has been the subject of a number of recent analyst reports. Barrington Research lifted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 8th.

Insider Activity

In other news, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,451,820.35. The trade was a 18.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the transaction, the director now directly owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.

Perdoceo Education Trading Up 2.7 %

PRDO opened at $28.08 on Tuesday. The stock’s 50-day moving average price is $24.59 and its 200 day moving average price is $23.02. Perdoceo Education Co. has a 12-month low of $16.12 and a 12-month high of $29.47. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.81 and a beta of 1.07.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same quarter last year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, research analysts forecast that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, December 2nd. Perdoceo Education’s dividend payout ratio is currently 26.13%.

About Perdoceo Education

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.